Relating to loans for agricultural projects; declaring an emergency.

Limits application fee payable by beginning farmer for loan under Beginning and Expanding Farmer Loan Program to $100. Requires total amount of all fees paid by beginning farmer or bond purchaser to be paid by beginning farmer at loan closing. Provides that all fees combined may not exceed one percent of face value of bond or be less than $500. Permits loan fee to be financed with bond proceeds or included in purchase price agreed to in sales contract. Declares emergency, effective on passage.